AUDEXCO.BE: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
AUDEXCO.BE
Largest movements
- Current investments +€110,679
up €110,679 (+147.9%), from €74,837 to €185,516
- Cash -€43,046
down €43,046 (-14.0%), from €307,926 to €264,880
mainly Current investments (-€110,679) and Other debts (-€36,987)
- Receivables within one year +€22,602
up €22,602 (+20.3%), from €111,243 to €133,845
of which Trade receivables: +€26,429
- Reserves +€86,400
up €86,400 (+22.7%), from €381,000 to €467,400
- Other debts -€36,987
down €36,987 (-98.2%), from €37,665 to €677
- Tax, wage and social debts +€33,087
up €33,087 (+202.2%), from €16,367 to €49,454
of which Taxes: +€27,045
- Taxes +€20,530
up €20,530 (+75.2%), from €27,304 to €47,835
- Gross operating margin +€14,078
up €14,078 (+11.4%), from €123,132 to €137,211
- Financial income -€9,608
down €9,608 (-77.9%), from €12,336 to €2,728
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €506,259 | €595,850 | +€89,591 | +17.7% |
| Fixed assets | 21/28 | €780 | €1,131 | +€351 | +45.0% |
| Intangible fixed assets | 21 | €451 | €0 | -€451 | -100.0% |
| Tangible fixed assets | 22/27 | €329 | €1,131 | +€802 | +243.7% |
| Furniture and vehicles | 24 | €329 | €1,131 | +€802 | +243.7% |
| Current assets | 29/58 | €505,478 | €594,719 | +€89,240 | +17.7% |
| Amounts receivable within one year | 40/41 | €111,243 | €133,845 | +€22,602 | +20.3% |
| Trade receivables | 40 | €107,416 | €133,845 | +€26,429 | +24.6% |
| Other amounts receivable | 41 | €3,827 | €0 | -€3,827 | -100.0% |
| Current investments | 50/53 | €74,837 | €185,516 | +€110,679 | +147.9% |
| Cash at bank and in hand | 54/58 | €307,926 | €264,880 | -€43,046 | -14.0% |
| Deferred charges and accrued income | 490/1 | €11,472 | €10,477 | -€995 | -8.7% |
| Total equity and liabilities | 10/49 | €506,259 | €595,850 | +€89,591 | +17.7% |
| Equity | 10/15 | €448,410 | €538,592 | +€90,183 | +20.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €381,000 | €467,400 | +€86,400 | +22.7% |
| Distributable reserves | 133 | €381,000 | €467,400 | +€86,400 | +22.7% |
| Profit (loss) carried forward | 14 | €47,410 | €51,192 | +€3,783 | +8.0% |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Other liabilities and charges | 164/5 | €0 | - | = | |
| Amounts payable | 17/49 | €57,849 | €57,258 | -€591 | -1.0% |
| Amounts payable within one year | 42/48 | €57,666 | €57,258 | -€408 | -0.7% |
| Trade debts | 44 | €3,634 | €7,127 | +€3,493 | +96.1% |
| Suppliers | 440/4 | €3,634 | €7,127 | +€3,493 | +96.1% |
| Taxes, remuneration and social security | 45 | €16,367 | €49,454 | +€33,087 | +202.2% |
| Taxes | 450/3 | €15,400 | €42,445 | +€27,045 | +175.6% |
| Remuneration and social security | 454/9 | €968 | €7,009 | +€6,041 | +624.4% |
| Other amounts payable | 47/48 | €37,665 | €677 | -€36,987 | -98.2% |
| Accrued charges and deferred income | 492/3 | €183 | €0 | -€183 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,675 | €809 | -€867 | -51.7% |
| Other operating charges | 640/8 | €949 | €931 | -€18 | -1.9% |
| Gross operating margin | 9900 | €123,132 | €137,211 | +€14,078 | +11.4% |
| Operating profit (loss) | 9901 | €120,508 | €135,471 | +€14,963 | +12.4% |
| Financial income | 75/76B | €12,336 | €2,728 | -€9,608 | -77.9% |
| Recurring financial income | 75 | €12,336 | €2,728 | -€9,608 | -77.9% |
| Financial charges | 65/66B | €184 | €182 | -€1 | -0.8% |
| Recurring financial charges | 65 | €184 | €182 | -€1 | -0.8% |
| Profit (loss) for the period before taxes | 9903 | €132,660 | €138,017 | +€5,357 | +4.0% |
| Income taxes | 67/77 | €27,304 | €47,835 | +€20,530 | +75.2% |
| Profit (loss) for the period | 9904 | €105,355 | €90,183 | -€15,173 | -14.4% |
| Profit (loss) for the period to be appropriated | 9905 | €105,355 | €90,183 | -€15,173 | -14.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.